car sub assemblies is going to have a huge impact on car prices. New vehicle pricing is already in the stratosphere let alone what they will be after the sub assemblies are hit. Mexico could impose a blanket tariff on US goods imported to Mexico as retaliation. According to the website "tradingeconomics.com" our 2024 exports to Mexico amounted to over $265 billion dollars for 2022. A 25% retaliatory tariff would have an impact of over $66 billion dollars. Much of what Mexico gets from us could be sourced from and through China which has been aggressively courting a huge increase in their relationship with Mexico.
So the ignorance of these morons is on full display as they claim to want a foreign policy of reigning in China while at the same time the proposed trade tariffs would drive Mexico much deeper into the arms of China. At the same time our domestic industries that export to Mexico would see large declines in business which would benefit producers in other countries around the world not engaged in a tariff war with Mexico. The net effect on China would be to strengthen them through increased commerce and influence in our region and that influence has already been documented as including a military component.
The charts in the link are updated using available information for 2024.
"Mexico Imports from United States was US$265.42 Billion during 2022, according to the United Nations COMTRADE database on international trade."
https://tradingeconomics.com/mexico/imports/united-states
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